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Gold declines below $4,000 as higher oil prices reinforce Fed rate-hike expectations

FXStreet

Gold declines below $4,000 as higher oil prices reinforce Fed rate-hike expectations

Gold price (XAU/USD) declines to near $3,995 during the early Asian session on Monday. The precious metal remains under some selling pressure near its lowest since July as elevated energy prices reinforced inflation concerns before the Federal Reserve’s (Fed) next policy meeting.

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